Mycelx Technologies – doesn’t make for a happy stock market animal!
Serious stock market investors generally prefer a quiet life, with their investments generating consistent returns, compounding delightfully over time – buy it and leave it. Unfortunately, this company offers a very different experience for shareholders.
MYCELX Technologies Corporation (LON: MYX) is a US based but AIM listed clean water technology company, primarily addressing oil and gas markets to help with the removal of oil. Their patented MYCELX polymer looks fantastic, using innovative molecular cohesion for removing oil from water, apparently far beyond what conventional systems have ever achieved. MYCELX systems remove oil to critically low levels in a much smaller physical footprint than conventional systems and in a virtually fail-safe process. MYX arrived on AIM in August 2011 full of promise at a share price of 210p, which swiftly rose to a premium on the back of…